Common use of No Abusive Arbitrage Device Clause in Contracts

No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the County or the Corporation to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.

Appears in 2 contracts

Samples: Tax Compliance Agreement, Tax Compliance Agreement

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No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the County or the Corporation City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.

Appears in 1 contract

Samples: Federal Tax Agreement

No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the County or the Corporation City to exploit the difference between tax-tax- exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-tax- exempt bond Bond market.

Appears in 1 contract

Samples: Tax Compliance Agreement

No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the County or the Corporation District to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.and

Appears in 1 contract

Samples: Tax Compliance Agreement

No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the County Issuer or the Corporation Borrower to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and or (2) overburdening the tax-exempt bond market.

Appears in 1 contract

Samples: Tax Compliance Agreement

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No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (1a) enabling the County or the Corporation City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2b) overburdening the tax-exempt bond market.

Appears in 1 contract

Samples: Tax Compliance Agreement

No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the County Issuer or the Corporation Institution to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.

Appears in 1 contract

Samples: Tax Compliance Agreement

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